URBAN ONE, INC. REPORTS THIRD QUARTER 2026 RESULTS
Key Highlights
- ➤Net revenue $88.0 million, down 5.0% year over year
- ➤Operating loss $126.6 million, including $128.9 million impairment charge
- ➤Net loss $119.2 million, or $(26.39) per share
- ➤2026 Adjusted EBITDA guide revised to $40.0 million
- ➤At least $20.0 million of annualized cost savings identified
Expert Statements
Alfred C. Liggins, III, CEO and President of Urban One
“Market conditions in radio continued to adversely impact revenue in the third quarter. We were helped by net political revenue of over $0.8 million in the quarter and the acquisition of stations in our Dallas market, effective July 17(th), which contributed an additional $1.9 million of net revenue in the quarter. Net political revenue for the full year is expected to be $8.8 million across all divisions. Weak demand in the Cable TV scatter market, shifted more inventory to the direct response category at lower rates in the third quarter. We saw an increase in local digital revenue in our radio markets, but large client attrition and suppressed rates in national direct digital revenue meant significant revenue declines in the overall digital segment. Revised Adjusted EBITDA guide for 2026 is now $40.0 million given the realities of the current advertising marketplace. Management is hyper-focused on cost reductions heading into next year and has identified at least $20.0 million of annualized savings.”
URBAN ONE, INC. REPORTS THIRD QUARTER 2026 RESULTS PR Newswire
SILVER SPRING, Md., Nov. 10, 2026 /PRNewswire/ -- Urban One, Inc. (NASDAQ: UONEK and UONE, referred to as, "Urban One," the "Company", "we", "our" and/or "us") today reported its results for the three months ended September 30, 2026. For the three months ended September 30, 2026, net revenue was approximately $88.0 million, a decrease of 5.0% from the same period in 2025. The Company reported an operating loss of approximately $126.6 million for the three months ended September 30, 2026, compared to operating income of approximately $2.5 million for the three months ended September 30, 2025. Broadcast and digital operating income((1)) was approximately $19.4 million for the three months ended September 30, 2026, a decrease of $0.5 million from the same period in 2025. Net loss attributable to common stockholders was approximately $119.2 million or $(26.39) per share (basic) for the three months ended September 30, 2026, compared to net loss of $2.8 million or $(0.64)((a)) per share (basic) for the same period in 2025. Adjusted EBITDA((2)) was approximately $12.3 million for the three months ended September 30, 2026, compared to approximately $14.2 million for the same period in 2025.
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